European markets close higher as investors digest UK budget statement
This is CNBC's live blog covering European markets.
Asian news from county Jerome
Inflation is cooling but not fast enough for the Fed
It was a double whammy for economic data enthusiasts.
Fed recap: Chair Powell explains why the central bank isn't ready yet to cut rates
The Federal Reserve held interest rates steady at their current range of 5.25% to 5.5%, but revised its outlook for rate cuts to just one in 2024. Central bank policymakers noted that there has been "modest further progress" toward its 2% inflation objective. Federal Reserve Chair Jerome Powell noted at the press conference that the central bank does not yet have the confidence to cut rates, even as inflation has eased from its peak levels.
CNBC Daily Open: Fed signals just one rate cut
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here .
Fed eyes just 1 rate cut in 2024 despite inflation news
WASHINGTON (Reuters) -- The U.S. Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to perhaps as late as December, with officials projecting only a single quarter-percentage-point reduction for the year amid rising estimates for what it will take to keep inflation in check.
Stock futures slip as investors gear up for start of Fed policy meeting: Live updates
Stock futures inched lower Monday night as investors await the start of June's Federal Reserve policy meeting.
Asia starting to feel like 1997-98 all over again
TOKYO – Last month, former US Treasury Secretary Lawrence Summers drew chuckles when he said the Federal Reserve’s next action might be to tighten, not ease, interest rates. Few bond traders are laughing now.
Soaring debt and deficits causing worry about threats to the economy and markets
Government debt that has swelled nearly 50% since the early days of the Covid pandemic is generating elevated levels of worry both on Wall Street and in Washington.
CNBC Daily Open: Nasdaq closes at record high; Google launches new AI model
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here .